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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Cost in Excess of Net Assets of Companies Acquired and Intangible Assets, Net | Goodwill and Intangible Assets Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. The company tests goodwill and other indefinite-lived intangible assets for impairment annually as of the first day of the fourth quarter, or more frequently if indicators of potential impairment exist. Goodwill of companies acquired, allocated to the company's business segments, is as follows:
|  | Global Components |  | Global ECS |  | Total
Balance as of December 31, 2019 (a) |  | $ | 883,496 |  |  | $ | 1,177,826 |  |  | $ | 2,061,322 |
Foreign currency translation adjustment |  | 11,479 |  |  | 42,668 |  |  | 54,147 |
Balance as of December 31, 2020 (a) |  | $ | 894,975 |  |  | $ | 1,220,494 |  |  | $ | 2,115,469 |
Foreign currency translation adjustment |  | (12,027) |  |  | (23,071) |  |  | (35,098) |
Balance as of December 31, 2021 (a) |  | $ | 882,948 |  |  | $ | 1,197,423 |  |  | $ | 2,080,371 |
(a) The total carrying value of goodwill as of December 31, 2021, 2020, and 2019 in the table above is reflected net of $1,588,955 of accumulated impairment charges, of which $1,287,100 was recorded in the global components business segment and $301,855 was recorded in the global ECS business segment. As of the first day of the fourth quarters of 2021, 2020, and 2019, the company's annual impairment testing did not result in any additional impairment of goodwill of companies acquired. During the second quarter of 2019, as a result of the company's downward revision of forecasted future earnings and the decision to wind down the company's personal computer and mobility asset disposition business, the company determined that it was more likely than not that an impairment may exist within the Americas components and Asia/Pacific components reporting units. The company evaluated its other four reporting units and concluded an interim impairment analysis was not required based on the results of those reporting units and historical levels of headroom in each of those reporting units. The interim goodwill impairment analysis resulted in a partial goodwill impairment charge of $509,000 ($457,806 net of tax) with approximately $600,000 of goodwill remaining within the Americas components reporting unit and a full impairment charge of $61,175 ($61,175 net of tax) within the Asia/Pacific components reporting unit. Intangible assets, net, are comprised of the following as of December 31, 2021:
|  |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Customer relationships |  |  | $ | 322,335 |  |  | $ | (173,123) |  |  | $ | 149,212 |
Amortizable trade name |  |  | 74,049 |  |  | (28,232) |  |  | 45,817 |
|  |  | $ | 396,384 |  |  | $ | (201,355) |  |  | $ | 195,029 |
Intangible assets, net, are comprised of the following as of December 31, 2020:
|  |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Customer relationships |  |  | $ | 335,027 |  |  | $ | (157,151) |  |  | $ | 177,876 |
Amortizable trade name |  |  | 74,008 |  |  | (18,065) |  |  | 55,943 |
|  |  | $ | 409,035 |  |  | $ | (175,216) |  |  | $ | 233,819 |
During the second quarter of 2019, the company initiated actions to further integrate two global components businesses. These businesses held indefinite-lived trade names with a carrying value of $101,000. As a result of the company's decision to integrate these brands, it determined the useful lives of the trade names were no longer indefinite. Subsequent to the second quarter of 2019, the company began amortizing these trade names over their estimated remaining useful lives. The trade names were tested for impairment during the second quarter of 2019 as a result of the change in estimated useful lives. The company estimated the fair value of the trade names to be $55,000 using the relief from royalty method and recorded a non-cash impairment charge of $46,000 ($34,653 net of tax). The drivers of the impairment were primarily due to the shortened useful lives of the asset and a decline of the forecasted revenues attributable to the trade names as integration to the Arrow brand occurs over the estimated remaining useful lives. Amortization expense related to identifiable intangible assets was $36,930, $38,417, and $48,097 for the years ended December 31, 2021, 2020, and 2019, respectively. Amortization expense for each of the years 2022 through 2026 is estimated to be approximately $35,177, $31,443, $29,767, $20,398, and $19,583, respectively.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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